Hindustan Oil Exploration Company Limited (HINDOILEXP)

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Hindustan Oil Exploration Company Limited (HINDOILEXP) · mywealthgrid

About

Oil exploration & production company in India's energy sector, market cap ₹2,010.76 Cr. Most recent quarters show net profit but extreme revenue swings (₹-209.6 to ₹315 Cr) and gyrating margins (OPM -0.29% to 36.98%). Minimal debt (D/E 0.04) but weak ROE 4.64%.

Face value: ₹10

Market cap

₹2,212 Cr

P/E

88.1×

P/B

1.6×

Dividend yield

ROE

4.6%

ROCE

2.3%

Debt / equity

0.04

OPM

37%

EPS (TTM)

₹1.9

Book value

₹104.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue swings ₹-209.6 to ₹315 Cr quarter-to-quarter; OPM turned negative -0.29% in Jun 2026. Verify operational stability and one-time drivers.
PE 80.05 on 4.64% ROE signals depressed earnings or overvaluation. Clarify which.
Oil E&P subject to commodity-price cycles and capital intensity. Verify production volumes, reserve life, and capex funding needs.
0% promoter holding; verify governance and capital-allocation discipline under 98% public ownership.

Generated analysis · source review pending

Growth drivers

OPM 36.98% and 32.4% in Dec 2025 show margin peaks exist; verify what operational factors can sustain uplift.
D/E 0.04 and net profit ₹2.83–₹30.4 Cr mean reinvestment capacity; verify capex plans and production-ramp timeline.
Net profit swings ₹2.83 (Sep 2025) to ₹30.4 Cr (Mar 2026) in same business; verify reserve volumes and depletion rate against run-rate.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹167.3-3.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 37%
+Revenue CAGR of 18.2% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Expensive at 88.1× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 48
Growth: 25
Valuation: 27

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Oil India LimitedOILOIL	₹72,221 Cr	₹1,08,180 Cr	₹41,186 Cr	₹13,887 Cr	28.2%	₹8,353 Cr	20.4%	9.9%	12.3%	161
Vedanta Oil And Gas LimitedVOGLVOGL	₹12,505 Cr	₹13,188 Cr	₹366 Cr	₹-102 Cr	-28%	₹-191 Cr	-52.1%	—	—	-204
Antelopus Selan Energy LimitedANTELOPUSANTELOPUS	₹3,895 Cr	₹3,895 Cr	₹359 Cr	₹224 Cr	56.9%	₹133 Cr	32.1%	18.4%	15.9%	187
Prabha Energy LimitedPRABHAPRABHA	₹2,989 Cr	₹3,152 Cr	₹7 Cr	₹-0 Cr	-10.8%	₹1 Cr	10%	0.1%	0.1%	-1,782
Hindustan Oil Exploration Company LimitedHINDOILEXPHINDOILEXP	₹2,212 Cr	₹2,262 Cr	₹299 Cr	₹71 Cr	37%	₹25 Cr	23.9%	2.3%	4.6%	826
Gujarat Natural Resources LimitedGNRLGNRL	₹1,248 Cr	₹1,260 Cr	₹20 Cr	₹2 Cr	7.6%	₹-4 Cr	-18.8%	-0.6%	-2.9%	324

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	202	114	156	559	749	421	263
COGS	0	-3	4	-59	32	-143	-161
Gross profit	—	—	152	—	717	—	—
	78	63	74	314	418	401	326
	124	54	78	305	299	162	97
OPM %	61.4%	47.5%	50.1%	54.5%	39.9%	38.5%	37%
Depreciation	29	23	26	74	80	78	75
Interest	5	6	9	30	22	11	6
	48	25	-23	-3	52	76	48
Profit before tax	137	52	20	197	248	150	65
Tax	-0	-2	-0	3	22	3	2
Tax %	-0.2%	-3.1%	-1.6%	1.6%	8.8%	1.8%	2.8%
	138	53	20	194	226	147	63
PAT margin %	68.1%	46.9%	12.8%	34.7%	30.2%	35%	23.9%
EPS (₹)	10.5	4	1.5	14.7	17.1	11.1	4.7
EPS adjusted (₹)	10.4	4	1.5	14.7	17.1	11.1	4.7
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	131	132	132	132	132	132	132	132
Reserves	—	547	601	621	815	1,042	1,189	1,252
	—	32	254	357	364	174	121	50
	—	324	198	417	539	603	521	736
Total equity & liabilities	—	1,036	1,185	1,527	1,850	1,951	1,962	2,171
	380	353	331	507	1,244	1,244	1,188	1,435
CWIP	—	327	535	782	32	38	48	87
Investments	—	122	69	22	136	3	3	3
	—	233	251	216	439	666	723	646
Total assets	—	1,036	1,185	1,527	1,850	1,951	1,962	2,171

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	97.6%	—	95.7%	—	—
EBITDA margin %	61.2%	47.5%	50.7%	54.5%	40%	38.5%	37%
EBIT margin %	46.6%	27%	33.8%	41.3%	29.3%	20.1%	8.3%
PAT margin %	68.1%	46.9%	12.8%	34.7%	30.2%	35%	23.9%
Working capital
Receivable days	66	100	38	76	153	105	42
Inventory days	124	221	737	116	482	296	866
Payable days	306	195	3,652	167	1,788	202	82
NWC days	-117	125	-2,877	25	-1,153	199	826
Leverage
Current ratio	1.25	1.27	0.42	0.86	1.31	1.81	1.1
Debt to EBITDA	0.26	4.69	4.53	1.2	0.58	0.74	0.51
Debt to equity	0.05	0.35	0.47	0.38	0.15	0.09	0.04
Interest coverage	21.6	7.3	7	7.9	10.6	15.2	6.8
Asset turnover	0.2	0.1	0.1	0.3	0.38	0.21	0.12
Return ratios
Return on assets %	13.3%	4.5%	1.3%	10.5%	11.6%	7.5%	2.9%
Return on capital employed %	14.1%	4.6%	5.8%	19.2%	16.9%	10.2%	2.3%
Return on equity %	20.2%	7.3%	2.7%	20.5%	19.3%	11.1%	4.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.97%	1.25%	1.31%	1.8%	1.64%	1.4%	1.76%	1.45%	1.71%	1.38%	1.49%	1.87%
	4.07%	0.64%	0.69%	0.54%	0.3%	0.35%	0.32%	0.48%	0.5%	0.12%	0.12%	0.13%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	94.96%	98.11%	98%	97.66%	98.06%	98.25%	97.92%	98.07%	97.79%	98.5%	98.39%	98%
No. of shareholders	—	—	—	—	—	—	—	—	92,866	91,723	94,700	90,352

Promoter holding up 0 percentage points since Sep 2023.

59 deals · 3 Aug 2021 – 3 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	21,51,943	₹185.67	₹39.96 Cr
3 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	21,51,943	₹185.57	₹39.93 Cr
3 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	14,15,015	₹185.09	₹26.19 Cr
3 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	13,99,806	₹184.94	₹25.89 Cr
3 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	13,56,168	₹185.57	₹25.17 Cr
3 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	13,56,123	₹185.67	₹25.18 Cr
3 Sept 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Sell	9,72,992	₹185.74	₹18.07 Cr
3 Sept 2026	BLITZQUANT RESEARCH LLP	Bulk	NSE	Buy	9,72,992	₹185.64	₹18.06 Cr
3 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	7,83,342	₹184.68	₹14.47 Cr
3 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	7,83,342	₹184.72	₹14.47 Cr

1–10 of 59

1 / 6

Mr. Jagadip Narayan SinghNon-Executive - Independent Director-Chairperson
Mr. Suresh Kumar JainNon-Executive - Independent Director
Ms. Preeti GroverNon-Executive - Independent Director
Mr. Ashok Kumar GoelNon-Executive - Non Independent Director
Mr. Rohit Rajgopal DhootNon-Executive - Non Independent Director
Mr. Baroruchi MishraExecutive Director-CEO-MD
Mr. Allen Joseph AndradeChief Financial Officer
Mrs. Josephin DaisyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	294	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

3

Interim dividend23 Aug 2010 · ex-date₹0.5
Dividend dividend11 Aug 2008 · ex-date₹1
Dividend dividend18 Aug 2006 · ex-date₹1

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

30 Sept 2026, 5:16 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	97.6%	—	95.7%	—	—
EBITDA margin %	61.2%	47.5%	50.7%	54.5%	40%	38.5%	37%
EBIT margin %	46.6%	27%	33.8%	41.3%	29.3%	20.1%	8.3%
PAT margin %	68.1%	46.9%	12.8%	34.7%	30.2%	35%	23.9%
Working capital
Receivable days	66	100	38	76	153	105	42
Inventory days	124	221	737	116	482	296	866
Payable days	306	195	3,652	167	1,788	202	82
NWC days	-117	125	-2,877	25	-1,153	199	826
Leverage
Current ratio	1.25	1.27	0.42	0.86	1.31	1.81	1.1
Debt to EBITDA	0.26	4.69	4.53	1.2	0.58	0.74	0.51
Debt to equity	0.05	0.35	0.47	0.38	0.15	0.09	0.04
Interest coverage	21.6	7.3	7	7.9	10.6	15.2	6.8
Asset turnover	0.2	0.1	0.1	0.3	0.38	0.21	0.12
Return ratios
Return on assets %	13.3%	4.5%	1.3%	10.5%	11.6%	7.5%	2.9%
Return on capital employed %	14.1%	4.6%	5.8%	19.2%	16.9%	10.2%	2.3%
Return on equity %	20.2%	7.3%	2.7%	20.5%	19.3%	11.1%	4.5%

Date	Category	Subject	Filing
30 Sept 2026, 5:16 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 3:52 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
3 Sept 2026, 5:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
2 Sept 2026, 5:30 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
2 Sept 2026, 3:34 pm	Corp. Action Book Closure	AGM And Book Closure Notice	PDF
2 Sept 2026, 3:20 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 3:04 pm	AGM/EGM AGM	Shareholders Meeting - 42Nd AGM On September 25, 2026	PDF
1 Sept 2026, 11:32 am	Company Update General	Announcement Under Reg. 30 Of SEBI (LODR) Regulations 2015 - Award Of Contract Area To The Company	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	306	-77	108	219	123	161	178
	-297	-208	-280	-77	-39	-83	-93
	34	206	109	-27	-215	-78	-80
Net cash flow	43	-79	-63	115	-132	0	6
Free cash flow	3	-283	-157	148	104	128	3
CFO / Operating profit %	248%	-141.5%	136.8%	72%	41%	99.2%	182.8%

Hindustan Oil Exploration Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

3

1

Announcements

Not in the F&O segment

3

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Hindustan Oil Exploration Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends3

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Dividends3

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1